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Full text of "Shipping Practice"

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(a} And/or
'* charge
"in respect
"of which
"the said
'* Cargo was
"subject to
"liens and
"to arrest
"and sale.

AND WHEREAS in order that the said cargo might
be so forwarded it became necessary to provide
funds to meet the expenses of discharging ware-
housing and reshipping the said cargo and other
necessary disbursements on account of the said
cargo (a)                                                       AND

WHEREAS the said                           being without

funds or credit at                            and urgently

requiring the sum of                           for the said

purposes, and having first duly communicated with
or attempted to communicate with the owners of
the said cargo with a view to obtain funds from
them, was compelled to apply for a loan upon
respondentia: AND WHEREAS the said
who is hereinafter called the said lender proposed
and agreed to advance upon such security the said
sum of                          at a maritime premium of

per cent for the said voyage, and the said
being unable to procure such
advance on more advantageous terms accepted the
said proposal [with the intervention and approval
of the proper authorities at                                 ]

and agreed so far as he lawfully could or might
that the said security should have priority over all
other claims upon the said cargo, whether by him-
self or any other person: AND WHEREAS the said
lender has duly advanced the said sum in pursuance
of the said agreement: Now THE CONDITION of the
above obligation is such that if the said
do use his best endeavours to forward or bring the
said cargo to its destination without unnecessary
delay or deviation, and do within                 days

after the arrival of the said cargo at
and before the discharge or delivery of the said
cargo shall be commenced, well and truly pay or
cause to be paid to the said lender or to his order
or assigns the said sum of                    together

with the maritime premium thereon at the rate
aforesaid, making in all the sum of
such payment to be made at the exchange of
for every British pound sterling,
or if the said cargo shall be duly dispatched and
forwarded on the said voyage without unnecessary
delay or deviation, and the said cargo shall by
perils of the sea be lost in the course of such voyage.
Then the above-written obligation shall be null
and void and the said

shall be released from all liability in respect of
the said sum of

PROVIDED ALWAYS and it is hereby agreed and
declared that if the said cargo shall in the course